Fear of a prolonged economic slowdown from the Coronavirus has sent stock markets around the world significantly lower today. The virus has spread to a number of countries including South Korea, Italy and Iran - causing a heightened fear of global growth uncertainty. With today's sell-off, the price of the World's Stock Market is now trending below both of our Short-Term (21-Day) and Intermediate-Term (50-Day) Trends Research. Although, our Long-Term (200-Day) Trends Research is still showing us we are still in a strong market.
Our 'Strength of the Market' view has slightly reduced to: Strong but Weakening.